Late filling of tax audit report

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 November 2015 Hi Friends,

I want to file the tax audit report at the end of this month, say, 30th Nov,2015, which had to be filed on 30th September,15.

Please let me know, what are the penalities that would be levied in such scenarios. Also, Can I take the deductions of section 80C in such case.

praveen

praveen (Expert)
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05 November 2015 I have my own doubts on the levy of penalty for non filing of audit reports within time. The onus on filing the audit report is on the Chartered Accountant. The Penalty to be levied will be on the assessee. If there is no mistake on part of the assessee then there shouldnt be a penalty on him. Go ahead and file the returns. whenever a notice is served by the department similar stand needs to be taken.

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